Second Month Seaweed Revenue Results Increase 17.7%
| Stock | BPH Global Ltd (BP8.ASX) |
|---|---|
| Release Time | 17 Jul 2025, 9:42 a.m. |
| Price Sensitive | Yes |
Second Month Seaweed Revenue Results Increase 17.7%
- Total revenue of A$177,316 for June 2025, a 17.7% increase from May
- Sales made to wholesale buyers in Indonesia, with international shipments in progress
- Seaweed sourced through local partnerships, supporting sustainability and community engagement
BPH Global Ltd (ASX: BP8) has reported the revenue results for the second month of trading from its new seaweed sales operations in Indonesia, which commenced in May 2025. The company recorded approximately A$177,316 in gross revenue during the June 2025 reporting period, representing a 17.7% increase from the A$150,646 generated in May 2025. The sales were made to wholesale buyers in Indonesia, demonstrating continued traction with domestic customers. The company also noted that sales to international customers are currently being executed and will be reflected in the July reporting period, supporting ongoing international market engagement. All sales in this reporting period were conducted under the company's previously announced Sales Cooperation Agreement with PT Kebula Raya Bestari. The seaweed was sourced through established partnerships with local farming communities in the Nunukan region of Indonesia, ensuring traceability and responsible harvesting practices. The company remains focused on scaling volumes to meet growing demand while maintaining product quality and strengthening market presence. It is actively engaged in negotiations for additional offtake agreements and to secure trade financing, and expects trading volumes to increase over the coming months.
The company remains confident in building a robust and sustainable revenue stream from its Indonesian seaweed operations, aligned with its values and global market trends. It expects trading volumes to increase over the coming months as it scales up production and progresses trade financing and offtake discussions.